Seattle’s cutting edge

These measures, implemented in February 2009, lowered expenses by US$16m. The cuts, combined with a significant reduction in the port’s capital expenditure programme, resulted in a net operating income of US$46m for the year.

“We’ve made some hard decisions this year, cutting programmes and projects (and) we will continue watching every dollar to make sure we’re using the public’s resources wisely and investing in projects that keep us competitive and improve the environment in each division,” said Port Commission President Bill Bryant.

Yoshitani noted that the port’s customers continue to feel the pinch of the recession, and that further cuts could come.